Point taken. I guess my perspective is, "make hey while the sun shines".

^ What he said.

Yes, or invest in a REIT fund, which is likely what i'll be investing in when I make the manoeuvre. It's a relatively stable investment, fairly high yields, monthly dividends which are also tax deductible and potential for growth.

I think i'm sided towards nubiwan's point. Knowledge is power, and for that you are well equipped to be successful. However, knowledge these days is often free and widely available. Is a $25k course really going to teach you anymore than a $25-50 book? Maybe. Am I willing to spend $25k to find...

Just a few

I don't believe my property falls into the categorization of a boarding house. It is zoned and deemed a legal duplex. and I collect one rent check from a GROUP of students. They are all friends, therefore for all intents and purposes are considered a family. I only used the rent/room example...

lol thanks! It's a modest portfolio at the moment, but it will expand. Off the topic for a second, my name really needs to be changed. lol Trizzy is a little juvenile, not sure why I used it on a mature forum. Ah well, can't kick nicknames given to you I suppose. :)

Just to clarify, I only own one property. I plan on purchasing my second. I did not realize that mortgage interest is tax deductible on rental property. I suppose it would make more sense to execute the strategy on my primary. The only issue here that I forsee is that lenders who offer...

That truely is a great accomplishment. You gave me some great insight that I will likely use in my own endeavours. Cheers and congrats on your success!

Correct, this is essentially what the Smith Maneouvre constitutes as you describe. I fully plan on using this tactic myself, as it's great when paired with a monthly dividend distribution fund like a REIT. Less volatile, consistant returns and the dividends are tax deductible themselves!

I would assume most RE investor are stuck in the same dilemma. I will check out Dominion. Anyone refer any lenders that they know use the 80% rent offset?

Again I apologize for not being specific enough. I have 5 bedrooms rented to one group of students who pay me one full amount at the price of $1750/month. I advertise the unit per room, but prospective tenants will be in groups. I only defined the cost per room for the purpose of clarifying the...

To respond to your inquiry Special Ed. It's a duplex, the upper unit is 1800 sqft. with 5 bedrooms rented to students and the downstairs is a 1 bedroom unit I live in. The property is a short drive to the UofW, and has amenities everywhere closeby(I.E Elementary/High school, grocery...

Hey all. Had a question regarding debt service ratio and the changes that were made back in April, 2010. I current own a property in Kitchener which was purchased last year for $324,000 with 5% down and has a current outstanding balance of $313.5K. It's owner occupied, and it is a rental...

Yeah, but they are not legally binded to do so. Hopefully the situation does not arise that a Guarantor - had I asked for one - would be necessary.

No income/assets, however I ran credit checks, and he was A+. $3,500 check up front, and their borrowed family vehicle is a 2008+ Audi S4. Couple G`s spent on that, so they can`t be hurting. I think I will request a Guarantor from now on. I mean, if they hesitate or deny the request for one...